Ethan Zhao
Senior Reporter
The Latest
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China's Central Bank Cuts Forex Reserve Requirement, Bolstering Yuan Past 7.24 Mark
In a move to bolster the yuan, the People's Bank of China (PBOC) announced its decision to reduce the foreign exchange reserve requirement ratio for financial institutions. This marks the first such reduction this year and the third in its history. 
In a move to bolster the yuan, the People's Bank of China (PBOC) announced its decision to reduce the foreign exchange reserve requirement ratio for financial institutions. This marks the first such reduction this year and the third in its history. -
Lhasa Poised to Become Next Fashion Capital of Western China
According to a report by Linkshop, the Wangfujing Shopping Center in Lhasa is set to open by the end of 2023, strategically located in Lhasa's Liuwu New District on Beijing Avenue, close to the train station and airport transit lines. With a total area of 302,000 square meters and a commercial area of 182,000 square meters, it's set to be Tibet's largest commercial complex. 
According to a report by Linkshop, the Wangfujing Shopping Center in Lhasa is set to open by the end of 2023, strategically located in Lhasa's Liuwu New District on Beijing Avenue, close to the train station and airport transit lines. With a total area of 302,000 square meters and a commercial area of 182,000 square meters, it's set to be Tibet's largest commercial complex. -
Revelations from Late Coco Lee's Recording Sends Shockwaves through 'Sing! China', STAR CM Stock Tumbles
After an audio recording believed to be of the famed singer Coco Lee criticizing the talent show 'Sing! China' was revealed on August 17, STAR CM Holdings Ltd.'s (Ticker: 06698.HK) stock price suffered a sharp decline. By the close of August 18, shares had fallen 23.43% to HKD 94.950, slashing almost HKD 116 billion from the company's market cap. 
After an audio recording believed to be of the famed singer Coco Lee criticizing the talent show 'Sing! China' was revealed on August 17, STAR CM Holdings Ltd.'s (Ticker: 06698.HK) stock price suffered a sharp decline. By the close of August 18, shares had fallen 23.43% to HKD 94.950, slashing almost HKD 116 billion from the company's market cap. -
Three Decades in China: Beyond iPhones, What Else Has Apple Brought?
On the morning of August 18, Apple CEO Tim Cook commemorated Apple's 30th anniversary in the Chinese market with an update on his Weibo account. "We deeply appreciate all our colleagues, customers, and partners," he remarked. 
On the morning of August 18, Apple CEO Tim Cook commemorated Apple's 30th anniversary in the Chinese market with an update on his Weibo account. "We deeply appreciate all our colleagues, customers, and partners," he remarked. -
JD Logistics Mid-Year Review: Slowing Core Growth, Boosted by Debang Integration
JD Logistics, on August 16, unveiled its financial results for the first half of 2023. The company reported total revenues of 777.61 billion yuan, marking a year-over-year increase of 32.6%. However, it posted a loss of 5.29 billion yuan, a significant reduction compared to the same period last year. 
JD Logistics, on August 16, unveiled its financial results for the first half of 2023. The company reported total revenues of 777.61 billion yuan, marking a year-over-year increase of 32.6%. However, it posted a loss of 5.29 billion yuan, a significant reduction compared to the same period last year. -
Visual China Faces Backlash Over Copyright Allegations: Stocktrek Demands Removal of Contested Works
Years after its previous copyright-related controversy, Visual China (ticker: 000681.SZ) finds itself amidst another. On August 15, astrophotographer Dai Jianfeng, known on social media as "Jeff's Starry Journey," stated that Visual China had accused him of copyright infringement regarding his photos. 
Years after its previous copyright-related controversy, Visual China (ticker: 000681.SZ) finds itself amidst another. On August 15, astrophotographer Dai Jianfeng, known on social media as "Jeff's Starry Journey," stated that Visual China had accused him of copyright infringement regarding his photos. -
Hong Kong Property Market Shaken: Li Ka-shing Slashes Prices, Setting Record Interest
After the real estate group under billionaire Li Ka-shing, Cheung Kong Holdings, discounted their new property project in Yau Tong called "Seaside Residency II", the market's response was fervent. The subscription rate exceeded expectations by 60 times, marking it as Hong Kong's most subscribed new property. 
After the real estate group under billionaire Li Ka-shing, Cheung Kong Holdings, discounted their new property project in Yau Tong called "Seaside Residency II", the market's response was fervent. The subscription rate exceeded expectations by 60 times, marking it as Hong Kong's most subscribed new property. -
Ralph Lauren Awaits Turnaround Amid Investor Impatience
Stock Slide Continues Ralph Lauren's stock has dropped for the seventh consecutive day. As of August 14th, its share price dipped 0.32% to $121.07, even as the S&P 500 index rose by 0.58%. Despite the company's share price surging 10.96% since the beginning of the year and previously being among the best-performing U.S. stocks in June, the recent declines might be linked to the first quarter financial results for the fiscal year 2024 released on August 10. 
Stock Slide Continues Ralph Lauren's stock has dropped for the seventh consecutive day. As of August 14th, its share price dipped 0.32% to $121.07, even as the S&P 500 index rose by 0.58%. Despite the company's share price surging 10.96% since the beginning of the year and previously being among the best-performing U.S. stocks in June, the recent declines might be linked to the first quarter financial results for the fiscal year 2024 released on August 10. -
Tesla Ramps Up Efforts for Full Self-Driving Launch in China Amidst Fierce Competition
While tech giants like Huawei and Xpeng are fervently advancing in the autonomous driving space in China, Tesla isn't staying behind. 
While tech giants like Huawei and Xpeng are fervently advancing in the autonomous driving space in China, Tesla isn't staying behind. -
U.S. Tightens Restrictions on Chinese Investments; Allies UK and Australia Mull Similar Measures, Japan and South Korea Face Pressure
In October of the previous year, after the U.S. announced restrictions on the export of semiconductor manufacturing equipment to China, it had urged the Netherlands and Japan to follow suit. By the end of June and July this year, both countries had announced control measures for semiconductor equipment exports. 
In October of the previous year, after the U.S. announced restrictions on the export of semiconductor manufacturing equipment to China, it had urged the Netherlands and Japan to follow suit. By the end of June and July this year, both countries had announced control measures for semiconductor equipment exports.
